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BHP Gets FTC Approval for Potash Bid

NEW YORK (TheStreet) — BHP Billiton received approval from the U.S. Federal Trade Commission to move ahead with its attempt to subsume Potash — the first but mostly like the easiest regulatory endorsement the company must obtain in order to complete the deal.

This comes two days after Potash sued BHP in U.S. federal court in an effort to block the hostile takeover bid.

The stiffest regulatory tests for BHP still lie ahead, in the Great White North. BHP must receive the imprimatur of Canada’s Competition Bureau in Ottawa, which will look to Saskatchewan for much of its guidance in the matter….

BHP Gets FTC Approval for Potash Bid

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